Arabica coffee futures prediction august 17 2015 : Arabica coffee futures on ICE rose to a three-month high on Friday, buoyed by an estimate for the smallest carry-over supplies in top grower Brazil since 1999, while options-related dealings prevented stronger gains.
Second-month arabica coffee settled up 0:55 cents, or 0.4 percent, at $ 1.4115 per lb, having Earlier Risen to a three-month high of $ 1.4260 per lb.
The expiry of September options at the end of the day Also helped bring prices off Reviews their highs as the market gravitated to the $ 1.35 strike price, traders said.
September robusta coffee closed up $ 9, or 0.5 percent, at $ 1.713 a tonne.
Analyst Vibiz Research Center estimates that the price movement of Arabica coffee futures on ICE Futures US in New York at the next trade is still in the bearish pattern despite being weakened. Based on technical indicators, for the long-term commodity prices is still in bearish trend though for the short and medium term has revealed a potential bullish.
Second-month arabica coffee settled up 0:55 cents, or 0.4 percent, at $ 1.4115 per lb, having Earlier Risen to a three-month high of $ 1.4260 per lb.
The expiry of September options at the end of the day Also helped bring prices off Reviews their highs as the market gravitated to the $ 1.35 strike price, traders said.
September robusta coffee closed up $ 9, or 0.5 percent, at $ 1.713 a tonne.
Analyst Vibiz Research Center estimates that the price movement of Arabica coffee futures on ICE Futures US in New York at the next trade is still in the bearish pattern despite being weakened. Based on technical indicators, for the long-term commodity prices is still in bearish trend though for the short and medium term has revealed a potential bullish.
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